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today of the catastrophic medicare repeal back in 1989. might history be repeating itself? this as democratic leaders like nancy pelosi insist all is well. president obama himself about to rally his most ardent supporters and ask them to stand by the very troubled health care law. >>> and the dow crosses the 16,000 mark for the first time, but then retreats. and the debate continues over whether this rally is a bubble. those stories and much more coming up on "the kudlow report," beginning right now. welcome to "the kudlow report." we're live at p.m. on the east coast, 4:00 p.m. pacific. let's get right to the breaking news that president obama may be turning obama care back to the insurance companies. i think where it belongs. cnbc's eamon javers joins us with the details. good evening, eamon. >> reporter: good evening, larry. the white house was on the defensive again today, arguing with reporters over these predictions made by the white house that the website would be up and running by the end of this month, and dividing and conquering exactly how many people are going
took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay. i did a little research. with a medicare supplement plan, you'll be able to stay with your doctor. oh, you know, i love that guy. mm-hmm. [ male announcer ] these types of plans let you visit any doctor or hospital that accepts medicare patients. d there are no networks. is this a one-size-fits-all kind of thin no. there are lots of plan options. it all depends on what we need and how much we want to spend. [ male announcer ] call now to request your free decision guide. it could help you find an aarp medicare supplement plan that's right for you. what happens when we travel? the pl
expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they pick up some of what medicare doesn't pay and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand what medicare is all about and which aarp medicare supplement plan works best for you. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. there's a range of plans to choose from, too, and they all travel with you anywhere in the country. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. ♪ call today. remember, medicare supplement insurance helps cover some of what m
in realtime. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. >>> security forces say technology and cameras can help to catch criminals. we take a look at new technology designed
medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. >>> u.s. treasury secretary jack lew dells china he needs to see more specifics and market reforms must progress further. >> jobless data out now in the uk. could it prompt the bank of england to signal rates might go up further than they're currently forecasting? >>> the russians are drinking less according to carlsberg. shares fall
out the medicare system is finding out how important this ingredient is and it's certainly helping clorox. >> yeah, that bleach, clorox, having about a 60 share of that market, is the most effective, cheapest disinfectant that you can buy that kills all the bad bugs. c-diff is the spore that's responsible for more hospital acquired infections. the epa just registered clorox bleach as the agent that can kill that spore and kill it very effectively. one of the things that changed is the federal government changed the medicare law. where medicare will no longer reimburse hospitals for preventable injury and they're classifying these infections which are killing 100,000 people across the country as a preventable injury. when we talk to the new york presbyterian, they are serious about getting the best products possible to kill these bad bugs in the patients' rooms. >> one of the things that people don't recognize, because you brought some nanalysts out, the seem to be behind in terms of the innovation you're doing. no real champions. do they not understand that you're reinventing the c
[ticking] >> last year, medicare paid $55 billion just for doctors and hospital bills during the last two months of patients' lives. it's a perfect example of the costs that threatened to bankrupt us and how hard it's going to be to rein them in. >> genes--as a result of them, you've inherited some of your family's finest qualities, along with predispositions to deadly diseases. you probably know that science has made giant leaps in detecting and treating some of those illnesses, but what you probably don't know is that at the same time, biotech companies have been patenting human genes. that's right. whether you like it or not, a vital part of who you are may now belong to someone else. >> let me just examine him. >> people are worried more than ever about how the chemicals we're exposed to are affecting our health. among them, a family of chemicals used in everyday plastics known as phthalates, which congress banned in toys after a study by dr. shanna swan. welcome to 60 minutes on cnbc. i'm lesley stahl. we'll be exploring the world of science in this episode. later we'll
for an important message for americans eligible for medicare. the annual enrollment period is now open. now is the time to find the coverage that's right for you ...at the right price. the way to do that is to explore your options. you can spend hours doing that yourself ... or you can call healthmarkets, and let us do the legwork for you - with no cost or obligation. we'll search a variety of plans from nationally recognized companies to find the coverage that's the best fit for you, at a price that fits your budget. and we'll do it at no charge to you. you can talk to us over the phone ... or meet with a local licensed representative in person. why pay a penny more than you have to for an insurance policy? in the past 3 years alone, healthmarkets insurance agency has enrolled americans in more than 1.1 million insurance polices ... put our free service to work for you at no charge. medicare open enrollment. of year again. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preven
out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel -- and there's so much m
spent to treat people as they approach the end of their lives. how much money? well, in 2009, medicare paid $55 billion for doctor and hospital bills for patients as they approached the last two months of life. to give you some perspective, that's more than the budget for the department of homeland security or the department of education. and as we reported in 2009, most of those bills were paid for by the government with few or no questions asked and with an estimated 30% of the treatments having no meaningful impact. >> ms. klish, it's dr. byock. >> marcia klish is either being saved by medical technology or being prevented from dying a natural death. >> we're just here checking on you. >> she's been unconscious in the intensive care unit at dartmouth hitchcock medical center in lebanon, new hampshire, for the better part of a week. one of her doctors, ira byock, told us it costs up to $10,000 a day to maintain someone in the icu. >> this is the way so many americans die. something like 18% to 20% of americans spend their last days in an icu. and, you know, it's extremely expensive.
johnson signed medicare into law in 1965, it was estimated to cost $12 billion per by 1990. -- ectual price chart price tag was much higher. i could go to different dimensions like medicare, medicare is an medicare part b. we're going to look at a level of cost that ultimately is going to create a huge backlash in the country. we're going to have to find ways of reducing the burden on the people by and on our insisting on payments from people with higher incomes or assets and perhaps by raising the medicare eligibility age in the population that is living longer and longer. if you saw the old account today, the petite -- particularly among the elderly. they're totally opposed to anything like this. given the nature of our political system is hard to see anybody today in national office is going to take the lead on this thing in an effective way and make changes we all know we need. there are many programs that seek to change how dark is an hospitals are paid to keep these costs under control. on the theory that there should be a way of rewarding them for quality and efficiency. has be
to the current system and that is simply let people buy into medicare for what it costs the government to supply medicare. what are the costs of government to supply medicare if you take the medicaid budget and divided by the number of people it is about $802 a month. that is a huge amount of money. if we put medicare on the exchanges and let people buy into it we could give people the same subsidy. it's sort of already set up to do that, and that would be a way of letting the private insurance companies who believe that the government is an efficient to compete and we will see what happens, so that is how i sort of settled at the conundrum in my own head. i think it would be a good thing to do. >> how do you feel your book will affect the medical world like everywhere across the world now? >> well, there is a whole percolating thing happening and it's not just in medicine because one of the things about my book is it's not just about medicine that people recognize it is about style. whether we are teachers or lawyers or how we live and what is a value to us. you don't need very much to be happy
issues in terms of getting our fiscal house in order, the trustees have said medicare goes bankrupt in 2026. the disability fund you referenced, 2016. and is there a way for us to address our long-term fiscal outlook if we don't reform those programs or also are we able to even sustain them for the beneficials that rely on them? >> senator, your first question, our baseline projections follow current law in which the federal share of medicaid costs for the additional populations under the affordable care act declines from 90% over a few years later. our projections incorporate that and that feature current law. >> so just to be clear, if after three years the states come to us and say we want you to continue to pay 100%, that is not accounted for in this fiscal outlook? >> that's right. we would provide a cost estimate for that legislation. it would show additional cost for the federal government. >> with regard to obviously important programs, i think, to all of us but also a big challenge we face. >> yes. so on your second question, as my charts showed, the rise in spending for so
...well, you know. medicare open enrollment. of year again. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare >>> now for what in the world segme segment. look at these soldiers in the congo. blue helmets are a giveaway. part of the united nations peace keeping force. not a terrifying group. the u.s. peacekeepers have been seen as a hapless, toothless bunch. these guys are different. they're part of the u.n.'s new intervention force brigade unlike the rest of the blue helmets who are only allowed to act in defense as peacekeepers, these soldiers are on the offense with the authorization to hunt and attack enemy forces. this is a first. historic change for the u.n. and new strategy in the democratic republican of congo where more than 5 million people have died since 1998 amidst a complex civil war. over the last 18 months, governme
years of experience, we'll be there -- ready to go as far as you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay -- and could save you in out-of-pocket costs. you'll also be able to choose any doctor who accepts medicare patients. call or go online today to request your free decision guide. go forward with passion. and nevesettle for good enough along the way. aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. go long. >>> welcome back. still with us, a rowdy bipartisan millennial studio audience. this is the lightning round. i want people to get a feel for where you stand on social issues of the day. how many, show of hands, support gay marriage. how many do not? okay. how many would classify yourselves as pro life. hands up. pro life. you were going to raise your hand and decided not to? >> i believe in the choice of life, family plans. i am pro life. i'm not pro death. >> yo
is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] introducing fede
i think you're right, senator. over the past 40 years, social security and medicare represented outlays for the program were 6% of gdp. by 2038 under current law, outlets will be about 11% of gdp. so the cut if spending that will be required on the programs that will be required to bring them back to the historic am average will be a cut of almost one half. we don't have anything that would accomplish that. as i said to start with, there is no particular reason why those programs should go back to the historical share of gdp given that many more people and much larger share of the population is eligible for them. on the other hand, if one does not restrain the programs, then significant changes need to be ma made. >> is there anything else you'd like, senator? >> r & d, we're in the process of producing a chart book of federal investments and some of the private sector investments as well. in terms of development, there is often a great deal and growth in private sector development but in the more basic forms of research. that is the sort of output for the economy that the priva
medicare. and about that. ideologically they did not like the idea of the federal government. protect thet very about the basic social safety net that had been structured. host: president obama yesterday talking about gridlock -- gridlock in washington. what do you think? 585 881.ns 202, independence and all others, the opinion section of the usa today newspaper, five ways to reduce hyper partisanship. washington has become a place can end ag a squish career -- then they say -- host: larry in hernando, mississippi. democratic caller. caller: i would like to make three points. i just watched the president and agreed with everything he said. my second point is a lot of of people are not free -- remembering what the republican set. even if it is their own ideas. tom price of georgia and mike lee of georgia on tape saying in to shut down.t that is a fact. not bring them up and do not show them on the tape saying it. i am so angry with democrats, i do not know what to do. aboutwhat do you think the idea that gridlock in washington does not reflect the division and our country outside of washing
net, do they want to roll back medicare. how far do they want to roll it back. social security. this is the big lie. they love medicare. seniors love it. >> their constituencies -- they are older, white, senior based which is their base. they love that stuff but they don't think about it as something the government is doing for them. they come to take it for granted. it's been part of their landscape. none of us remember what it was like to grow old and live in that kind of fear. so there is a real disconnect. you're right. between what they preach and what -- >> okay. howard why do they assume the center left, roosevelt to the left, over to the left, had some republican support why do they feel they are wrong. these guys were right about social security. it helps the poor. >> these people believe that the role of faith and the role of markets can take the place of the role of government. they do. and i agree with you on one level they don't want to get rid of medicare and social security but want to reverse history. they view this as a long running program to reverse history.
that certain benefits like social security and medicare, that's still going to dry out. take a look. >> as reported last year when considered on a combined basis, social securities, retirement, and disability programs have dedicated funds sufficient to cover benefits until 2033. joerl, medicares hospital insurance trust fund will have resources to cover full benefits until 2026. the president recognizes how central reform and attempting to work on a bipartisan basis to put them on stronger footing. >> so social security as we know it will end by what 2033? that's only 20 years from now and medicare by 2026, very frightening projections. and we go back to our studio audience. i want to play for you candidate obama. candidate obama was talking about the national debt. and he said that bush, the way he's done it, by accumulating debt, it's irresponsible and unpatriotic. let's roll this tape. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trill
's a transition to medicare. what happens after you retire when you're no longer in the plan from the work that you've done your whole career? what do we need to know about what medicare looks like indental work? >> the problem with the medicare world is dentistry is not included in that. so most people, if you can't get a group plan from your work, where you're working at the present, in retirement, you're forced to get an individual plan. that tends to have coverage all over the board. the one general rule that tends to be lower than what you have now. >> i'm going to ask you about orthodontics and teenagers. back when i was a kid, it was a frightening experience. you brought up orthodontics and senior citizens. tell us about that. >> orthodontics can be a great solution for preventive care. when you have teeth that are crooked and hard to access with your cleaning tools, they can be more susceptible to problems in the future. gum disease, decay. our orthodontists are great. they are seeing adults almost as much as they are kids now, straightening the teeth, allowing them to be in a bett
? and the other part is, i wish that c-span would ask people whether or not they have medicaid, medicare, whether or not -- or if they don't have insurance at all. everybody gets sick or everybody has an accident one way or the other. who pays that? one last comment, when i went to the hospital -- i am sorry, you are breaking up, i have got to let you go. but we are doing here on the "washington journal" a partnership with kaiser health news taking a look at the affordable care act, and we have divided our lines just that way, over the time of our partnership, whether you are insured or not insured to talk about the affordable care act. rufus and adrian, michigan, independent caller. caller: hi, how are you? host: good morning. caller: thank you for the opportunity to speak about the affordable care act and president clinton's comments. i agree with president clinton regarding changes that need to be made to the affordable health care. the reason i agree with him is aat what has happened is that legislation was passed, which is the aca, and was made uniform when wehe united states have each indiv
nature. medicare pays $90 of that. but for the same thing, the exchange plans are offering around $60 to $70. more upsetting to some doctors, they feel these rate reductions aren't being clearly spelled out, not being transparent. separately, the obama administration is pushing back the enrollment dates for the exchanges by eight more days. this means the new deadline to sign up is now december 23rd. anyone picking up a plan by then will be covered as of january 1. next year's deadline will be november 15th, 2014, instead of october 15th. there are some cynics that say the pushes in enrollment pushes it right back to after the mid-term elections. instead, larry, of just before it. back over to you. >> gee, you think it has something to do with the elections? how about that? dominic chu, cynic supreme. i want to start on these dramatically slashed doctors' fees. every day the true cost of obama care becomes clearer. here the doctors get squeezed performing the same services for bargain-basement prices. so much for keeping your doctor if you like him. i don't know. i fear the death of t
information officer, at the centers for medicare and medicaid services is our guest today. thank you for testifying. i hope you can appreciate the hss has a ways to go to regain the trust of the american people. they were told it would be as easy as buying a television on amazon. every day new revelations are emerging showing this was avoidable. mr. chao was witnessed that the company primarily response for building the website would quote crash on take off end quote. and as early as march of this year, officials were well aware they were off schedule and testing was elementlimited. and we learned healthcare.gov was launched after a memo alerted her the full assessment wasn't completed. so they knew there was security issues. the administration officials promised in public that in only a few days the american people would be able to use a perfectly functioning website. secretary sebelius told us the highest measures are in place and i hope we hear what they are from mr. chao and our second panel as well. the second panel features the people responsible for the healthcare.gov. i am di
healthcare.gov from an i.t. official with the centers for medicare and medicaid sentences -- services. the hearing ran about 2.5 hours. >> good morning. i convened this hearing to talk about healthcare.gov. americans want to know the answers to two simple questions -- is my information secure if i use healthcare.gov, why should i believe the administration that it is the echo it has been nearly 50 years since the launch of healthcare.gov, and the website is not function at an acceptable level. this is in spite the numerous problems and assurances the public was given by the administration leading up to and over several months leading up to the launch of the website. this committee heard directly from secretaries to bilious -- lius,ecretary sebei tavener, and cohen that they would be ready by october 1. those projections were not just limited to the website. we've also been routinely promised the website with a thin that americans -- was safe and that americans information was secure. tavener toles testing was to begin in october of last year and testing was to compete -- to be complet
, i was thinking about roughly 6 years ago, when we were rolling out medicare part d, that was the largest. largest. implementation of this sport that was done to that point, first 6 or 7 weeks, they were rocky, i think most important lesson we learned, we went to the american public, and said, we have problems, here is what they are. and we own them. we own them, we will find them, we will fix them, and we'll finish them. and here is the way in which we'll do it we do find the american people prepared to be patient, the key was, we actual dethat and by the time we were in to seventh week, the system began to improve, and to eighth week, people liked it and now you look back, it was a big -- a very successful implementation. but the key is we took responsibility and we delivered. neil: but not right away, you admitted it later on, your critics saying you do not account for the cost, that was then, this is now, but you rapidly acknowledged, we have problems. i think when you don't acknowledge the problems you will never, ever, ever, ever get them fixed. >> i agree, you
teacher next. vo: it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare >>> there was a note found next to the body. philip chism has been arrested for murder, rape, armed robbery. he will be arraigned december 4th. >>> an eighth student at princeton university is being treated for meningitis. investigators are test to go see if she has the same rare bacterial strain found in seven other cases at the school. princeton officials plan to provide students with a vaccine. it has been approved in europe, not the u.s. >>> people signing up for obama care will have more time to do so. obama administration is extending deadline by one week, giving americans until december 23rd to sign up to have health coverage starting in january. people will have to make their first premium payment on
we love? ♪ paying ourselves to do what we love? on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors whoompare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online, or visit your local store today. >>> people who are not eating or watching tv right now may be getting an early start on holiday shopping. brian in new york on a new tradition that not everybody is embracing. >> this is a typical black friday rush. it's the start of the busiest retail season of the year. now major retailers are opening on thanksgiving. >> shopping on thanksgiving is becoming a new tradition. retailers are listening to their customers and really just responding to demand. >> some major retailers open today. target, toys r us and best buy. wal-mart is open as it has been the last 25 years. first time ever, macy's is opening at 8:00 p.m. it
for the future of the active and early retiree pool. one is move the pool with medicare retirees. the second would be to close the active city plan to all employees other than those outside the kaiser and blue shield service areas such as the heche but very small. third we ask and investigate the policies to make the changes to the active plan to draw more people into it to make the plan affordable again. howevercious that does have a down side that it might cause increase rate in population which is a higher volume than the uhc plan. what i want to say these are the consideration we have and they can all concur as individuals or in groups of two or three of the options if you want. so with that, i would entertain any questions that you may have. >> mr. scott? >> i wanted to go back to your slide 26. you identified for early retirees with diabetes is kind of a therapy that is impacting cost. are you seeing a similar trend around the things around cardiovascular disease related issues? >> when i looked at the top drugs i did not see a repeat, you have the stat ins but because of diabetes you
southern. one line, infinite possibilities. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online, or visit your local store today. >>> live pictures now of new york and atlanta. also the map there, you can see the south is getting soaked at the moment. the north bracing for the nasty winter storm that's headed that way. >> here are the numbers, you might be one of them. 43 million people all set to travel during the thanksgiving holiday. and the deadly, because it has been deadly, weather threaten to ruin many of those plans. welcome back to "around the world." >> and we are covering the storm and lou it will affect your holiday travel plans like no one else, we've got crews in position across the country. shannon travis in virginia, rene marsh at dulles in
medicare? how far back to they want to roll it back? get rid of social security? this is the big lie. they want that stuff. they love medicare. seniors love it. i never met anybody who didn't love it. >> you're right. their older white, senior base, love that stuff. but don't think about it as something that government is doing for them. they have come to take it for granted. it's always been part of their landscape. none of us remember what it was like to grow old and live in that kind of fear. and so there is -- there is a real disconnect, you're right, between what they preach and what -- >> why do they -- okay, howard, why do they assume the center left -- roosevelt to the left -- built with some republican support. why do they feel there has always been wrong? wait a minute, these guys were right about social security, helps the poor, working poor, middle class. >> it's because these people believe that the role of faith and the role of markets can take the place of the role of government. they do. and i agree with you on one level, they don't want to get rid of medicare and soc
for the center for medicare and medicaid services, inflation adjusted health spending grew at a 2% annual rate over the three years since 2010. the lowest rate recorded since we began tracking these data in the 1960s. lower health spending helps with wages and jobs. fourth, the dramatic increase in domestic energy production is another opportunity for the u.s. economy. crude oil production has grown each year the president has been in office, reaching its highest level in 17 years in 2012. we've seen stronger fuel efficiency, and as a result of all of these advances, we learned just today that our domestic production of crude oil exceeded our net imports of oil in october. more broadly, the president remains firmly committed to an all of the above energy strategy, including progress on renewable energy as well. finally, the last favorable trend we have is that technology provides significant opportunities for long-term growth, especially in areas that benefit from the combination of mobile computing and increasingly fast wired and wireless internet connections. over the last four years, the un
mismanagement on the part of cms. but medicare and medicaid, the programs that cms manages are among of the most widely frauded. since 2007, they've charged more than 1,500 defendants. in april the strike force charged 89 people for $223 million in false billing. so, guys, whether it's incompetence by cms managers or fraud against cms, this is an agency that has struggled over the past years. it's one in washington that has a lot of people scratching their heads. obama care is being run by this agency but the question is if you're going to launch a web site, is this the agency you would necessarily choose to go out and do an extremely technical, complicated process that affects the entire country? >> eamon javers in washington, thank you very much. the federal site, the healthcare.gov has been plagued from the start. now it looks like your location could play a major role in how well or how badly the site performs for you. bertha coombs is live in lexington, massachusetts with more on that. good morning. >> reporter: good morning, simon. we're at compuware. they've been doing an independent end
... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it could save you in out-of-pocket medical costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. see why millions of people have already enrolled in the only medicare supplement insurance plans endorsed by aarp. don't wait. call now. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights li
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